The decision to provide a loan of $ 350 was made on June 26. This is the first loan aimed at economic recovery and reform.
According to the terms of the loan, they should be sent to:
- Support of credit and development of land markets through increasing the efficiency of the agricultural land market and servicing loans in state banks;
- Strengthening the processes of demonopolization and development of anti-corruption institutions, as well as the review of the credit burden in the gas sector;
- Establishing social protection for the elderly at risk of Covid-19.
As part of this assistance, a second loan is expected to support the development of legislation needed for land reform and increased pension benefits for people at high risk Covid-19.